The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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UP Global Sourcing Holdings PLC, up 4.9% at 170.78 pence, 12-month range 90p-191p. The owner of homeware brands makes gains following its ex-dividend payment date last Friday. In November, UP, which stands for Ultimate Products, lifted its annual payout by 42% to 7.12p for its financial year that ended July 31.
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SMALL-CAP - LOSERS
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Porvair PLC, down 5.4% at 580.00p, 12-month range 481p-720p. In the year ended November 30, the specialist filtration, laboratory and environmental company reported an 18% increase in revenue to £172.6 million from £146.3 million a year earlier. Pretax profit increases by 26% to £18.7 million from £14.8 million. It declares a final dividend of 3.8p, bringing the full-year dividend to 5.7p, up from 5.3p for financial year 2021. ‘As we move into 2023 the board sees some reasons for caution in the near-term: supply chain dislocation, while diminishing, requires vigilance; inflationary pressures continue; the wider economic picture is uncertain and there is a likelihood of currency headwinds,’ says CEO Ben Stocks.
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Superdry PLC, down 5.5% at 116.00p, 12-month range 91.7p-236p. The clothing retail continues to make losses, after it issued a profit warning on Friday. On Friday, Superdry reported that in the six months ended October 29, it swung to a pretax loss of £17.7 million from a profit of £4.0 million a year before. Revenue as a whole inched up by 3.6% to £287.2 million from £277.2 million. Superdry said it now expects to be broadly breakeven in financial 2023 at the adjusted pretax level. Previously, the firm had expected adjusted pretax profit between £10 million to £20 million.
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